By Pietro Lombardi

Assicurazioni Generali SpA (G.MI) raised its dividend after 2018 net profit rose, supported by improving performances across the company's business segments.

Net profit for the year was 2.31 billion euros ($2.61 billion) compared with EUR2.11 billion the previous year, the Italian insurer said Thursday.

The company raised its dividend by 5.9% to EUR0.90 a share.

"Assicurazioni Generali has completed the 2015-18 strategic plan, exceeding all the targets and successfully concluding its industrial turnaround," Chief Executive Philippe Donnet said.

Generali's property and casualty operations, as well as its life segments, reported growing operating results. The asset-management operations posted a 24% increase in net result.

In November, the insurance giant presented its new business plan through 2021, aimed at improving earnings and expanding in selected markets, fueled in part by acquisitions.

Write to Pietro Lombardi at pietro.lombardi@dowjones.com

(END) Dow Jones Newswires

March 14, 2019 02:54 ET (06:54 GMT)

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